SBP establishes financial institutions resolution department

MG News | December 20, 2024 at 09:37 PM GMT+05:00

0:00

December 20, 2024 (MLN): The State Bank of Pakistan (SBP) has established a new department, the Financial Institutions Resolution Department (FIRD).

This department operates under the Banking Policy & Regulations Group and is responsible for resolving issues related to distressed regulated entities in the financial sector.

Additionally, it mentions that Syed Jahangir Shah has been appointed as the Director of FIRD, assuming responsibility for leading the department.

Copyright Mettis Link News

Related News

ECC clears over Rs15bn in supplementary grants

MG Morning Breeze: Updates to Skim before Market

Pakistan, Canada bilateral trade hits $1bn

Name	Price/Vol	%Chg/NChg
KSE100	182,991.33 339.34M	-0.52% -960.18
ALLSHR	109,933.53 784.59M	-0.43% -470.66
KSE30	56,138.79 154.47M	-0.54% -305.92
KMI30	256,202.18 136.80M	-0.27% -697.50
KMIALLSHR	70,041.74 380.34M	-0.24% -169.96
BKTi	53,717.48 40.80M	-0.96% -518.54
OGTi	36,347.04 29.44M	1.04% 373.35

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	95,365.00	96,625.00 94,790.00	650.00 0.69%
BRENT CRUDE	64.92	65.45 64.71	-0.55 -0.84%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-1.65 -1.87%
ROTTERDAM COAL MONTHLY	98.25	0.00 0.00	0.20 0.20%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	60.62	61.20 60.47	-0.53 -0.87%
SUGAR #11 WORLD	14.92	14.93 14.85	0.03 0.20%